Fitchâs CDS Pricing Service covers up to 3,000 single name CDS contracts using independent pricing data from the member banks of Fitch's global pricing services consortium. It also includes Fitch CDS Benchmarking for highly illiquid names, a tool which provides indicative spread values where there is insufficient market information to determine a consensus price based on market maker contributions.
Ian Rothery, Fitch Solutionsâ global head of Third-Party Distribution and Partnerships, said, âSunGardâs strength in the industry means its customers include many of the worldâs leading financial services firms. SunGardâs global reach will help us further extend access to Fitch Solutionsâ products and services.â
âWith credit becoming an increasingly important factor in derivative valuations, we need to help ensure that our customers have access to high quality, independent, accurate and timely pricing information for their risk management purposes,â said Gavin Lee, chief operating officer of SunGard's FastVal business unit. âFitch Solutions, which has a proven track record in delivering CDS information and data services, combined with our existing data and analytics will help further strengthen the quality of SunGardâs FastVal valuation service.â